SPDR® Dow Jones Industrial Average ETF Trust (DIA)


The SPDR® Dow Jones Industrial Average ETF Trust (the Trust) is a unit investment which issues securities called trust units or units. The Trust seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the Dow Jones Industrial AverageSM (the Index).

More About SPDR® Dow Jones Industrial Average ETF Trust (DIA)

Continue reading to learn more about:

Who manages SPDR ETFs?
What does SPDR stand for?
How many SPDR ETFs are there?
How does the SPDR Gold Trust work?
What is the difference between an ETF and a SPDR?


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Who manages SPDR ETFs?


State Street SPDR ETFs are managed by SSGA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Corporation. DIA follows SPDR's lead as the first U.S.-listed ETF to provide investors with access to widely recognized assets and market performance. Created in 1998, DIA is designed to closely track the price and yield performance of the Dow Jones Industrial Average SM (the "Index"), which utilizes a price-weighted average of 30 large, blue-chip companies that are generally leaders in their respective industries.


 
 

What does SPDR stand for?


SPDR is an acronym that stands for "Standard & Poor's Depository Receipts," which reflects the heritage of this ETF as the first ETF to track a major financial index in 1993. SPDR refers to a specific family of ETF products that, today, span an array of asset classes.

 

How many SPDR ETFs are there?

There are currently 37 ETFs that are part of the SPDR family. Many of them track an underlying index, such as the S & P 500 or the Dow Jones Industrial Average.
 
  • How does the SPDR Gold Trust work?

    Gold bullion is gold in its physical form. Gold bullion is often available in coin or ingot form. The SPDR Gold Trust is designed to offer investors a means of participating in the gold bullion market without the necessity of taking physical delivery of gold and the ability to buy and sell that interest through the trading of a security on a regulated stock exchange.
  • What is the difference between an ETF and a SPDR?

    An ETF is an investment vehicle like a mutual fund, but unlike a mutual fund, it can be traded on the stock exchange like a stock. SPDRs are designed to track a benchmark index and generally offer lower management fees than actively managed mutual funds.